Arkham Intelligence has expanded its analytic capabilities for Solana consumers by incorporating Solana blockchain data.
Arkham Intelligence, an on-chain analytics firm, has recently disclosed that it has integrated Solana’s blockchain data into its software. In summary, Arkham declared that its “full feature set” would be accessible for Solana data. Arkham elaborated on several of these attributes in an independent social media post:
“Arkham now enables Solana users to visualize and trace large fund movements and profitable traders’ accounts, receive real-time trade alerts, monitor on-chain trading performance over time, and track the profiles of top traders and investors on Solana.”
In other words, private Solana analysts have access to a comprehensive array of advanced new instruments. Arkham provided a variety of specific examples of these tools in action, such as a custom report of Solana-based meme coin traders or a convenient visualization of a particular trader’s activities.
Arkham detected the $20 million malware incident on US Government crypto accounts only one day prior to this announcement. This development has been well-received by the community thus far. Arkham retweeted a humorous post that suggested crypto investigator ZachXBT had long anticipated this development, and Solana welcomed Arkham’s new addition.
Arkham Intelligence has recently experienced a surge in popularity across a variety of domains. In October of this year, it disclosed its intention to substantially alter its business model by establishing a derivatives exchange. Solana is also achieving success in a variety of areas, including a soaring valuation and the breaching of trading volume records by its Trojan bot.
In general, this appears to be a beneficial development for the cryptocurrency industry. Some community members issued severe censure toward Arkham’s endeavors to optimize blockchain intelligence a little over a year ago.
Dedicated researchers will always have the ability to analyze public transaction histories, as blockchain data is not anonymous. Nevertheless, the barrier to entry is substantially reduced with the introduction of new instruments such as this. Arkham’s integration of Solana blockchain data has the potential to democratize the field of analysis and enhance data literacy within the community.
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